[ANN] 42-coin Development Discussion Thread

[IMZ Noo Account]

Please do post your thoughts:

Altquick seems to be the only exchange on which you can easily see the order books.

The price of 42-coin on Altquick seems to be (about) 0.08<>0.10. That's about USD 6,800, not USD 29,100.

Meteora and PumpSwap volumes are listed as 'excluded' from the calculations. Nobox is nonsense. XBTS has a price of $206,000 from data pulled one minute ago -- that's nonsense. There hasn't been volume on XBTS for years. (I wish there was. It's a nice DEX.) Raydium shows a price of $29,624. From 5 days ago. With 2,052% -- which just makes no sense.

People will read this post, and think, "IndiaMikeZulu is saying my 42-coin is worth 85% less than what the charts say!!" Yep. And that's the price we should start trading at -- what else can we do? Please do post your thoughts.

[Lasergun]

42-coin’s price on Altquick right now is 0.065 – about $4,000. Is this its ‘real price’?
...

The PancakeSwap price is real! Arbitrage opportunity: buy at a lower price on Altquick → swap to BEP20 42 via @bridge_42_bot → sell on PancakeSwap.

[IMZ Noo Account]

Edit

I do not like to publicly contradict my dev; but no, there is no arbitrage opportunity.

Buy-orders down to 0.10 on Altquick today total $45. Total Altquick volume last week was $1.21. There is no stock of coin to be scooped off Altquick to arbitrage on Pancake.

And pulling coin off our only decent exchange – long-established, non-KYC, and with native-English-speaking support – is the opposite of what I’m asking for. There was an administrative reshuffle on Altquick recently, and all coin had to be taken off. So we don’t know how much coin went back on; but we need coin there to drive volume.

There’s a great deal to discuss here, but I want a new and honest approach to developing 42-coin. Its infrastructure is an utter shambles – except Altquick, where the price may be only 0.08<>0.1; but we can see the order books, and we can talk to folks trading on it.

[IMZ Noo Account]

We have some movement on the Altquick pair! Someone bought a chunk of 42 on the top side of the order book. The dollar value is tiny*, but it pushes the buy-sell spread up to 0.35<>0.38.

Watch this space!

*Total weekly volume on Altquick today, two days into their statistics week, is 15,100 sats. A better figure would be 15-20,000,000 sats. Let's work on getting 42-coin onto Altquick.

[Lasergun]

We have some movement on the Altquick pair! Someone bought a chunk of 42 on the top side of the order book. The dollar value is tiny*, but it pushes the buy-sell spread up to 0.35<>0.38.
...

It was me, testing the arbitrage. I bought 0.000806 42 for 0.000146 BTC on Altquick and sell them for 0.0003446 BTC on PancakeSwap (profit: 235%).